Prologue
When Benjamin Franklin was called before the British Parliament in 1757 and asked to account for the great prosperity in the American colonies, he explained, “That is simple. In the colonies we issue our own money. It is called Colonial Scrip. We issue it in proper proportion to the demands of trade and industry to make the products pass easily from the producers to the consumers. In this manner, creating for ourselves our own paper money, we control its purchasing power, and we have no interest to pay to anyone.”
That prosperity was destroyed by the Bank of England and the British Crown when King George III demanded taxes paid with gold and British agents flooded the colonial money supply with counterfeit notes, drastically devaluing their currency. Forced to function with scarce British coinage and private bank credit, commerce declined, prosperity ceased and intense poverty spread throughout the colonies. It was the battle for financial sovereignty that precipitated the American Revolution.
That war never ended.
Muskets had hardly cooled off before the revolutionaries were sabotaged by British bankers who deliberately constricted the flow of money and credit and then demanded repayment of debts. A tidal wave of collapsed businesses and foreclosures ignited Shays’ Rebellion and 9,000 angry farmers took revenge on the cold-hearted debt collectors. Populist coalitions were forming to demand a public monetary system that would serve the needs of the people. Wealthy aristocrats, slave-owners and financiers were alarmed by the spontaneous uprising and rushed to set up a legal mechanism that would preserve their privilege and block the “leveling tendencies” of the people. They convened a constitutional convention to subvert the Articles of Confederation and drafted a new Constitution that would ensure their control of wealth. The new republic’s “founding fathers” recreated the British system of plutocracy with a House of Lords (Senate), the owners of wealth, that could overrule the House of Commons (Representatives) – common people; an electoral college that would override the popular vote in selecting a chief executive and a court system that would enforce their business contracts – thereby excluding the popular majority from the entire political power structure.[1]
The new Constitution usurped the sovereign right of the people to issue their own currency and credit through their respective states and transferred that privilege to the new federal government. Two of the new Constitution’s authors were bankers ~ Alexander Hamilton and Robert Morris ~ who hoped to gain control of the nation’s wealth by centralizing authority for creating the nation’s credit and then monopolizing that privilege themselves through private banks. Despite the objections of Thomas Jefferson, Alexander Hamilton and Robert Morris persuaded Congress to pass a bill in 1781 that incorporated the Bank of North America as a de facto central bank.
The same tyranny the revolutionaries had fought so hard to defeat became the model for the new republic.
In his 1899 book, The History of Money in America, the great monetary historian Alexander Del Mar, captured the tragedy of handing the nation’s credit to a private central bank:
“Never was a great historical event [the American Revolution] followed by a more feeble sequel. A nation arises to claim for itself liberty and sovereignty. It gains both of these ends by an immense sacrifice of blood and treasure. Then when victory is gained and secured, it hands the national credit – that is to say a national treasure over to private individuals, to do as they please with it! … Americans of the revolution had before them … the historical examples of Greece and Rome. In all these states the main contention from first to last between the aristocratic and popular factions arose out of and centered in the monetary system; that greatest of all dispensers of equity or inequity.
“They had only to take care that the seed they planted was genuine and uncontaminated. Nature was certain to do the rest. Well they planted; and now look at the fruit and see what it is that they planted! They planted financial corporations … they planted private money … In a word they planted another revolution.”[2]
Throughout their lives Thomas Jefferson and Andrew Jackson fought off the European bankers who controlled the nation’s credit and money supply through privately-owned banks. When Abraham Lincoln issued ‘greenbacks’ that deprived private bankers of their financial monopoly he was assassinated. The European bankers connived for more than a century to establish a permanent central bank in the United States with the exclusive right to print their own paper notes and exchange them for government debt. They succeeded in 1913 with The Federal Reserve Act, the final coup that authorized a private cartel to create money out of nothing, lend it to the government with interest and control the national money supply, expanding or contracting it at will. Representative Charles Lindbergh called the Act “the worst legislative crime of the ages.” Fifty years later, President John F. Kennedy defied the central bankers when he issued debt-free Treasury Notes. He was assassinated five months later. When the focus of Martin Luther King’s speeches shifted from racial equality to economic justice he too was assassinated.
The Systemic Usury Parasite
Why rob just one person when you can rob a whole nation? And why rob just one country when you can rob them all?
In 1913 our sovereign authority to create our own money and credit was usurped by a transnational private banking cartel that has systematically infected our economy with a staggering national debt ~ more than eleven trillion dollars. The dollar has lost 95% of its value since 1913. The combined public and private debt of Americans is 53 trillion dollars. Eighty-five cents of every dollar is now consumed by interest. Our economy is collapsing in bankruptcy, drained of its vital resources by the systemic usury parasite.
Ours is not the only nation to succumb.
The usury parasite has infected 186 countries, feeding itself through the central bank syndicate, a shareholder-owned consortium of private banks, headquartered in Switzerland at the Bank for International Settlements. Created in 1930, the BIS obscures its criminal activities, and those of it agents, with astounding claims of legal immunity that prohibit any form of oversight, intrusion or prosecution [3] The Bank functioned as a Nazi money laundering operation in World War II.[4] Today it serves as the cashier’s window for the global casino.[5] Each central bank member has an exclusive monopoly on its government’s monetary system, with the power to create public debt and expand or contract the host’s economy at will. Coordinating their monetary policies with each other through the Bank for International Settlements, the central bankers meet behind closed doors, appoint their own governors and set their own rules. Their books are not subject to audit by the governments that host them. They work in concert to protect their fraternity, sharing the credo that a threat to one member is an attack on them all.
Based on the same credo, NATO was created after World War II to enforce “finance capitalism” in Western Europe where populist movements were gathering momentum for economic reform. The International Monetary Fund (IMF) and World Bank were established as tentacles of the Bank for International Settlements to strip the assets of war-torn European nations as collateral for unpaid war debts, moving on thereafter to “Third World” countries. Government treasuries are the parasite’s target. World Bank contractors coerce and bribe government agents to accept massive loans for elaborate engineering projects. Loan terms mandate that Western corporations receive the work contracts and thereby become the beneficiaries of this borrowed money while the taxpayers are strangled with insurmountable debt. As these governments invariably default, the IMF acts as debt collector and restructures the debt, reimbursing private investment banks with new loans funded by the taxpayers of its 186 member countries. In return for IMF loans, debtor nations are forced to surrender their national sovereignty and “open” their economies to “free” market investors that strip the assets of the country with deregulation and privatization schemes. Describing this looting as “structural adjustment programs” and “conditionalities,” these robber barons lower wages, raise taxes, slash social programs, privatize banks, water and public utilities and transfer the nation’s assets to private bank accounts. What is left in the wake of these predators is bankrupt economies, devastating poverty and a disempowered cheap labor force, stripped of their assets, their land and their rights.
Flushing the global economy of this systemic disease begins with understanding how the usury parasite debilitates its host with suffocating debt.
Although governments have inherent authority to create their own money, they borrow it from central banks, with interest. Only 3% of the US money supply is composed of coins and Federal Reserve notes (dollars); 97% comes from bank credit. A central bank fabricates paper notes and credit by “lending” them into existence, in return for treasury bonds of the host government ~ taxpayer debt. This borrowed “money” has no pre-existing value in reality and is conjured up through accounting entries. It is literally created out of nothing. The central bank first lends these treasury bonds to its own investment banks and then to down-line commercial banks, with interest. The commercial banks then lend ten times the face value of these bonds held “in reserve,” fanning $10,000 into $100,000. This ten-fold multiplication of accounting entries, described as “fractional reserve banking,” creates massive inflation of the money supply which devalues the currency and reduces our purchasing power. Banks further inflate the money supply (and their profits) with compound interest that multiplies exponentially. The money supply can never achieve equilibrium because the interest owed always exceeds the money in circulation. More debt must be fabricated to pay this interest, drawing new borrowers into the pyramid scheme. The escalating debt eventually reaches staggering proportions, causing systemic collapse.
This debt fabrication racket is not a monetary system at all but rather a Ponzi scheme, in which a borrower pledges genuine assets in return for nothing. When a person lends real savings to another person, that money is no longer available to the lender. Temporary rent of this asset, “interest,” is compensation for that loss of use ~ the same principle as renting a home or a car. What a bank lends a borrower is “credit” for imaginary money that does not exist. Credit card debt is generated by the same fraud.
Wall Street’s Trojan Horse
Today the nation is essentially bankrupt and hoping Barack Obama’s team of Wall Street advisors will forestall economic collapse. This expectation is as realistic as hoping that gang bangers will make our streets safe. Obama’s economic team is filled with the same Wall Street criminals that infected the global economy with a quadrillion dollar derivatives Ponzi scheme, using deliberately deregulated mechanisms.[6] They have successfully held the nation hostage with a universal credit freeze and threats of systemic collapse if trillions of dollars in ransom demands are not met. But why would our government agree to double its public debt to save Wall Street crooks from bankruptcy? Why would our government victimize taxpayers whose investments, pensions and real estate values have already been eviscerated by these swindlers? The answer is that the Treasury Secretary and Federal Reserve have historically represented a parasitic crime syndicate, not the host government and its taxpayers.
The racketeers who bribed members of Congress to deregulate Wall Street could not have held our nation hostage without collusion from the Treasury Secretary and Federal Reserve. These monetary “authorities” represent Robber Barons, Inc. ~ the crime syndicate that ransacks government treasuries through the BIS central banks, IMF, World Bank, investment banks and private equity firms – primarily JP Morgan Chase, Citigroup, Bank of America, Morgan Stanley, Goldman Sachs and Carlyle Group.[7] [8]
Past Treasury Secretary, chief economist for the World Bank, and current Director of Obama’s National Economic Council, Lawrence Summers took part in the looting of Russia, stripping one trillion dollars from Russia’s struggling economy and shifting state-owned assets to private owners. Summers succeeded Robert Rubin as Treasury Secretary and completed Rubin’s repeal of Depression-era laws that protected public assets from Wall Street theft. A former co-chairman of Goldman Sachs, Rubin assisted in robbing the Soviet treasury and was the key architect of financial services deregulation that set the stage for crashing the US economy. Moving on to chairman of Citigroup, Rubin pooled subprime loans and their financial derivatives as AAA rated securities and sold them to unsuspecting investors. Larry Summers engineered the deregulation of financial derivatives, ensuring the globalization of losses from those securities. With $2 trillion in junk securities, Citigroup’s Ponzi scheme metastasized to 100 countries making it too infectious to quarantine. To date, taxpayers have underwritten $306 billion of Citigroup’s liabilities with Henry Paulson’s TARP “bailout.”[9]
Treasury Secretary Henry Paulson, a Goldman Sachs CEO, is also a Board Governor at the IMF. As chief architect of the TARP bailout, he awarded billions of taxpayer dollars to the investment banks that collapsed the global economy. He sacrificed Lehman Brothers, Goldman’s only competitor. As a major recipient of TARP “bailouts” ($173 billion), AIG owed Goldman billions for insurance claims on subprime derivatives that Goldman packaged and sold short, knowing they would default, thus profiting twice from financial fraud.
Paul Volcker, North American chairman of the Trilateral Commission and head of Obama’s Economic Recovery Advisory Board, is the Rockefeller banker whose antisocial policies under Reagan ignited the strongest political protests in the history of the Federal Reserve. Volcker’s interest rates, exceeding 20%, provoked the worst recession since the Great Depression and wrecked the US industrial economy. [10] Volcker is a member of the Rockefeller syndicate that owns JP Morgan Chase, one of the investment banks that own the Federal Reserve.
Obama’s Treasury Secretary, Timothy Geithner, is a CFR member, an IMF director, BIS committee chairman, ex-president of the Federal Reserve and a protégé of David Rockefeller, Henry Kissinger, Robert Rubin and Lawrence Summers. As Treasury Secretary, Geithner has authority to disperse TARP funds without Congressional approval. He proposes to create one or more “bad banks” to buy Wall Street’s toxic “assets,” using a mix of taxpayer and private money and intends to expand a lending program that would spend $1 trillion to cover the decline in Wall Street gambling revenues. Geithner arranged the bailouts of Bear Stearns and AIG and played a pivotal role in the decision not to save Lehman Brothers from bankruptcy. [11]
Gary Gensler, Obama’s appointee to head the Commodity Futures Trading Commission, is the Goldman Sachs alumnus who spearheaded the Commodities Futures Modernization Act of 2000, a bill that removed credit default swaps and other derivatives from regulatory oversight. The Commodities Futures Modernization Act of 2000 that ensured the derivatives cancer would metastasize globally also deregulated “electronic” energy trading, allowing Enron to bankrupt California, among others. As Undersecretary of the Treasury under Clinton, Gensler worked with Alan Greenspan and Phil Gramm to dismantle the Depression-era Glass-Steagall Act that separated commercial banks (public savings) from investment banks and prevented financial syndicates from merging into toxic monopolies too big to quarantine.
With the simultaneous passage of The Banking Modernization Act of 1999 banks were given permission to sell insurance and real estate, channeling an income stream of unfathomable proportions to the owners of the Federal Reserve. The Gramm-Leach-Bliley Act amended the Banking Act of 1933, the Bank Holding Company Act of 1956, the Federal Deposit Institutions Act, the Community Reinvestment Act of 1977 and the International Banking Act of 1978 – essentially transferring the power of Congress to the Federal Reserve by expanding its authority to control the entire US financial spectrum.
Who set the stage with financial deregulation for spreading this contagion into a global derivatives Ponzi scheme? Who systematically channeled billions of dollars into the high risk subprime market?
The demolition wave that took down the global financial system and crashed the US economy was ignited by well placed financial explosives. On September 11, 2001, an estimated $240 billion dollars was covertly added to the M2/M3 money supply with the ‘settlement’ of off-balance sheet, illegal bonds created in 1991 by George H.W. Bush and Federal Reserve chairman Alan Greenspan. This capital was injected into the economy as Ten Year Treasury notes and then fanned into trillions of dollars in credit by private banks. In the four months after 9/11, the total money supply increased by $650 billion, the single greatest burst of monetary increase in modern times. After pumping $3 trillion in excess liquidity into the economy, a 32% expansion of the money supply since 1994, the financial managers of this operation created comparable monetary ‘demand’ for this capital with a highly coordinated strategy to channel this excess liquidity into the high risk subprime market. A broad array of tactics was used to block actions that would have prevented systemic collapse, including a White House law suit to prevent state regulators from enforcing their predatory lending laws.
Who opened nationwide mortgage retail outlets and financed the predatory loans that were fanned into speculative equities, hedge fund, and derivative markets? E.P. Heidner, author of “Collateral Damage,” (Part I; Part II) traces the primary funding for the subprime operation to HSBC, UBS, Credit Suisse First Boston, Triad Guaranty Trust Insurance Corp, Deutsche Bank, Citigroup, Bank of America, Chase Manhattan, Carlyle Group and Goldman Sachs.
Prior to 9/11 the individuals and institutions that collapsed the Soviet economy and robbed the treasury were under investigation by multiple federal agencies for evidence of financial fraud – potentially related to 280,000 metric tons of stolen gold. These investigations were permanently aborted by the complete destruction of all case evidence collectively stored in the 9/11 targets: World Trade Centers 1 and 2 were pulverized within ten seconds each; WTC 7 was collapsed within 7 seconds; the WTC 6 vault, housing $240 billion in illegal bond certificates, was emptied and the Office of Naval Intelligence at the Pentagon was demolished ~ thereby destroying all evidence against the same individuals who subsequently funded and executed the controlled demolition of the United States. The financial institutions, insurance companies and private security firms involved in this operation have extensive histories of CIA covert operations. (“Collateral Damage” Part I)
“The group at the center of this crisis is the very same set of individuals that deliberately crashed the Soviet economy in 1991, and bought up the infrastructure for ‘pennies on the dollar.’ The financial industry individuals and intelligence figureheads that need to be held accountable for the tragedy of September 11, are the same group that deliberately channeled the excess liquidity created on September 11 to fund the bulk of the high risk subprime market.” (Part II p. 9)
Among the visible operatives Heidner identifies are: George H.W. Bush, Alan Greenspan, Timothy Geithner, Henry Paulson, Lawrence Summers, Robert Rubin, Gary Gensler, Robert Hormats, Stephen Friedman, Robert Zoellick, Gerald Corrigan, Peter Fisher, 9/11 commissioner Jamie Gorelick and specific CIA assets. US front groups that were used to sabotage the US economy included Freddie Mac, AIG, Citigroup, Goldman Sachs and Carlyle Group. It is therefore not surprising that the criminals who orchestrated the US financial collapse were awarded $24 trillion in taxpayer “bailout” commitments by their accomplices at the Federal Reserve, Treasury and White House ~ with congressional approval.
If it doesn’t govern, it isn’t a government. What is masquerading as government is a crime syndicate with a flag.
Organized Crime
The US Government is an instrument of organized crime, alternatively described as the Washington Consensus, the Shadow Government, Wall Street, the Round Table Groups and the New World Order. There is nothing new about this underworld order. The sordid criminal record of syndicate dynasties dates all the way back to Venetian banking oligarchs and their European “colonizing” descendants who operate today through the Morgan-Rockefeller-Rothschild banking cartels, American, European and Asian “royal” families, charitable (tax-exempt) foundations, Ivy League endowments, think tanks, advisory councils and investment corporations. Pillaging the earth at gunpoint, syndicate families have amassed fortunes from drug trafficking, slave labor, weapons, blood diamonds, “colonized” natural resources, stolen gold, financial fraud, oil and genocide.[12]
From the very beginning of America’s fledgling republic syndicate families surreptitiously gained control of the banks, railroads, oil and vital infrastructure, using a maze of corporations, offshore banks and holding companies that disguised foreign ownership of national resources. Today, their descendants and an interlocking network of shareholders and directors control the media, our educational institutions, the medical and pharmaceutical monopoly, the military-industrial-intelligence complex and our food supply.
During the 19th and 20th centuries this international “investment” syndicate secured private ownership of vital infrastructure and natural resources across the globe, by engineering both covert and overt wars, crushing democracies and installing brutal dictatorships. They financed Trotsky, Lenin and Hitler, and used the US State Department, Treasury and Federal Reserve to secure ownership of resources that rightfully belong to sovereign nations.
Thomas Lamont, a self-described fascist, was the JP Morgan banker who represented the US Treasury at the 1919 Treaty of Versailles negotiations that set the stage for World War II. He personally raised $100 million to finance Benito Mussolini. William Boyce Thompson, director of the New York Federal Reserve traveled to Russia to undermine the Russian Revolution, ensuring that railroads, banks, oil and vital resources would remain in private hands.[13] Thomas McKittrick, Rockefeller’s Vice Chairman of Chase National Bank, was the president of the Bank for International Settlements during World War II, coordinating Nazi money laundering operations. McKittrick successfully undermined efforts to dissolve the Bank for International Settlements at the Bretton Woods conference in 1944.[14]
Hitler was armed and financed by Anglo-American corporations that provided the money, oil, weapons and extermination gas used for genocide.[15] Allen Dulles, a Wall Street attorney, and future director of the CIA, negotiated their contracts. John J. McCloy, a Rockefeller banker, accompanied Dulles to Nuremberg to cover up the trail of Nazi collaborators which included the Rockefeller, Morgan, Ford, DuPont, Bush and Harriman families. They successfully defended members of the SS and helped Nazi war criminals escape. Many of them were imported into the CIA ~ Wall Street’s intelligence network. At the close of World War II, Dulles installed NATO’s “stay behind” terrorist network in Europe to attack civilian populations that “move to the left.”[16] McCloy, who shared a box with Hitler at the 1939 Olympics, went on to become president of the World Bank. Dulles and McCloy were later members of the Warren Commission that covered up the Kennedy assassination.
At the Bretton Woods conference following World War II, the warlords of finance capitalism supplanted the British pound sterling with the American dollar as the world reserve currency, moving the center of economic imperialism from the City of London to Wall Street. Supranational corporate imperialism was institutionalized with the IMF and World Bank, created to strip European nations of their assets as “collateral” for unpaid war debts, moving on thereafter to pillage the “Third World.”[17] The corporate initiative to override national sovereignty in matters of trade with the International Trade Organization, survived as the General Agreement on Tariffs and Trade (GATT) and evolved into the World Trade Organization. The financial burden of enforcing this corporate empire was shifted to American taxpayers with the 1947 National Security Act that created the Department of Defense, the National Security Council and the CIA. Thereafter, the Council on Foreign Relations, et al, controlled economic and foreign policy, using the United States as the enforcer of corporate imperialism through an institutionalized war industry. Euphemistically described as a war economy, this official perversion of national priorities converted the US from a creditor nation, a self-sufficient producer and exporter of agricultural and manufacturing goods, to a debtor colony exclusively in service to syndicate wars.
The cover story for every war is a lie. All wars are engineered for syndicate profits. Any economic system that competes with syndicate profits or models a successful alternative to “finance capitalism” is brutally crushed and eradicated. Any form of populism that asserts the right of the people to own and control their own resources is covertly destabilized and suppressed by intelligence networks or overtly destroyed with military force. Social systems that attempt to return national resources to their rightful owners are characterized as threats to “national” security. What is meant by communist, Marxist, and socialist threats, is populist governments that prevent the syndicate from exploiting its population and stealing their resources. Democratically elected leaders who attempt to nationalize natural resources for the benefit of their people, increase the minimum wage or provide social services that reduce syndicate profits are assassinated or deposed with “coups” and death squads are unleashed to murder, torture and terrify the population.
General Smedley Butler, who exposed the syndicate plot to assassinate Franklin D. Roosevelt and install a US dictatorship, is best remembered today for his oft-quoted statement in War is a Racket:
“I helped make Mexico and especially Tampico safe for American oil interests in 1914. I helped make Haiti and Cuba a decent place for the National City Bank boys to collect revenues in. I helped in the raping of half a dozen Central American republics for the benefit of Wall Street. The record of racketeering is long. I helped purify Nicaragua for the international banking house of Brown Brothers in 1909-12. I brought light to the Dominican Republic for American sugar interests in 1916. I helped make Honduras ‘right’ for American fruit companies in 1903. In China in 1927 I helped see to it that Standard Oil went its way unmolested…. Looking back on it, I felt I might have given Al Capone a few hints. The best he could do was to operate his racket in three city districts. We Marines operated on three continents.”[18]
This reign of terror continued unabated into the latter half of the twentieth century under the pretense of fighting communism and into the twenty-first century under the equally false pretext of fighting terrorism. As William Blum sums up syndicate genocide in “Killing Hope: US Military and CIA Interventions since World War II:”
“Post-Cold War, New World Order time, it looks good for the military-Industrial-Intelligence Complex and their global partners in crime, the World Bank and the IMF. They’ve got their NAFTA and their World Trade Organization. They’re dictating economic, political and social development all over the Third World and Eastern Europe. Moscow’s reaction to events anywhere is no longer a restraining consideration. The UN’s Code of Conduct on Transnational Corporations, 15 years in the making, is dead. Everything in sight is being deregulated and privatized. Capital prowls the globe with a ravenous freedom it hasn’t enjoyed since before World War I, operating free of friction, free of gravity. The world has been made safe for the transnational corporation.”
“The boys of Capital, they also chortle in their martinis about the death of socialism. The word has been banned from polite conversation. And they hope that no one will notice that every socialist experiment of any significance in the twentieth century – without exception – has either been crushed, overthrown, or invaded, or corrupted, perverted, subverted, or destabilized, or otherwise had life made impossible for it, by the United States. Not one socialist government or movement – from the Russian Revolution to the Sandinistas in Nicaragua, from Communist China to the FMLN in Salvador – not one was permitted to rise or fall solely on its own merits; not one was left secure enough to drop its guard against the all-powerful enemy abroad and freely and fully relax control at home.”
Financial Terrorism
Where money flows in society and whose priorities will be financed is determined by private bankers. The inflationary “fractional reserve system” that allows banks to create trillions of dollars of credit, backed by nothing, fuels the speculative equities, hedge fund, and derivative markets. Speculators who contribute nothing of value to the productive economy use bank credit as a medium of extraction to exploit the work of others, siphon off profits, pump and dump stocks, short sell healthy businesses, drive up the price of essential commodities and attack national currencies. Author Bernard Lietaer, a former central banker, writes in “The Future of Money:”
“Your money’s value is determined by a global casino of unprecedented proportions: $2 trillion are traded per day in foreign exchange markets, 100 times more than the trading volume of all the stock markets of the world combined. Only 2% of these foreign exchange transactions relate to the “real” economy reflecting movements of real goods and services in the world, and 98% are purely speculative. This global casino is triggering the foreign exchange crises which shook Mexico in 1994-95, Asia in 1997 and Russia in 1998. These emergencies are the dislocation symptoms of the old Industrial Age money system.”
In truth, these emergencies are the hallmark of financial crime syndicates that destroy productive economies to extract unearned wealth. Deliberately engineering massive government debt, these robber barons have swarmed across the globe devouring the assets of one nation after another with coordinated “deregulation” and “privatization” schemes. As governments are driven into default, public assets, utilities, infrastructure and industries are sold to private investors for a fraction of their worth to pay off the engineered debt. Taxes are raised, social services are slashed, real estate is confiscated and pensions are embezzled in a massive transfer of unearned wealth into private bank accounts.
The US is their current victim.
Instead of allowing a handful of corrupt Wall Street investment banks to implode from well-deserved bankruptcy, their accomplices at the US Treasury and Federal Reserve embezzled fourteen trillion taxpayer dollars to pay off the gambling debts of racketeers, reward criminal CEOs for fraud, finance acquisitions of (now bankrupt) US corporations, and to devour healthy banks, further consolidating syndicate monopolies. Fourteen trillion dollars could have paid off the national debt AND funded universal health care. If the Federal Reserve and Treasury Secretary served American citizens, taxpayer bailouts would have been used to refinance predatory loans, thereby preventing millions of foreclosures, stabilizing real estate values and protecting the housing industry. Taxpayer “stimulus” funds would have been directly injected into the productive economy to protect legitimate businesses and prevent layoffs. Instead, millions of families lost their homes and jobs while their taxed wages were handed to gambling casinos and their foreign creditors. Crippling national debt from syndicate wars, swindler bailouts and “stimulus” funds lay the groundwork for national insolvency. This premeditated larceny is the prelude for classic IMF “structural adjustment” of the American economy, permanently stripping citizens of their remaining assets, health care protection and Social Security and the subsequent sale of the nation’s assets to transnational pirates.[19]
Alan Greenspan, Federal Reserve Chairman, and Board Director at the predatory Bank for International Settlements, used the standard bankster blueprint for engineering the US financial collapse: deliberate expansion of cheap credit to inflate the web of debt and entice rampant speculation followed by sudden constriction of credit to violently contract the economy. A tactic used by the Bank of England to rob its colonies, this violent contraction catalyzes waves of foreclosures, bankruptcies and layoffs that force sellers to accept pennies on the dollar for their assets. Financial terrorism, also known as Milton Friedman’s neocon ‘Shock Treatment’ and Henry Kissinger’s psychopathic formula for “making the economy scream,” is frequently accompanied by death squads to force a nation to its knees.
9/11, Globalization and National Sovereignty
Billionaire George Soros claimed the world financial system has disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis.[20] If this were true it would be a blessing. It is more likely a pretext for consolidating world financial control through an illegitimate global oligarchy that supersedes national sovereignty. Media propagandists are spinning the “new” idea of one world currency issued by a global monetary authority. Herding the fearful into a blind alley with soothing promises of international cooperation, the same criminals who engineered global financial destruction are promoting the International Monetary Fund as the savior of choice to issue one world currency. Apart from the IMF’s criminal history of ravaging government treasuries, the value of its synthetic currency, Special Drawing Rights (SDR), is determined by the fluctuating value of fiat currencies generated by four privately-owned central banks. SDR are fabricated debt owed to a private banking cartel.
Would a universal token of debt, fabricated by the same private cartel that engineered our staggering debt, be a remedy for national insolvency? Would global indebtedness to this cartel restore the productive economy? Whose social priorities would be financed by a global banking oligarchy? Would this oligarchy continue the practice of withholding credit from cities and states, farmers, small businesses, homeowners and entrepreneurs while fabricating credit for weapons, war, gambling and fraud? Would consolidating a global debt monopoly counteract or amplify the risk of global systemic collapse? Transnational institutions that infect every aspect of the global financial system have just demonstrated the dangers of being too interconnected to quarantine and too well-connected to prosecute.
Why would a sovereign people who are fully capable of issuing their own money and credit surrender that authority to a supranational oligarchy that issues fiat debt? Abolishing national currencies essentially dissolves national sovereignty.
While media ventriloquists would have us believe rampant and random greed provoked a spontaneous “global financial crisis,” the historical record indicates deliberate and carefully planned destruction of national sovereignty, worldwide. The plans for consolidating private control of global wealth have been in motion for over a century, accelerating exponentially with the frenzy of neoliberal deregulation that enabled financial fraud to metastasize globally. Carroll Quigley, a Georgetown University historian and Bill Clinton’s mentor, was privy to documents and meetings held by the international powers of financial capitalism. He was not speculating on their motives but rather reporting as a trusted insider, an eye witness who described their intent:
Following World War I … “the powers of financial capitalism had another far reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the world’s central banks, which were themselves private corporations. Each central bank, in the hands of men like Montagu Norman of the Bank of England, Benjamin Strong of the New York Federal Reserve Bank, Charles Rist of the Bank of France, and Hjalmar Schacht of the Reichsbank, sought to dominate its government by its ability to control treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence co-operative politicians by subsequent rewards in the business world.” ~ Carroll Quigley, 1966 [21]
Founded in 1973 by David Rockefeller and Zbigniew Brzezinski, the Trilateral Commission’s stated goal is to foster a “New International Economic Order” that would supplant the historical economic order. Paul Volcker ~ past Federal Reserve chairman, Rockefeller trust fund administrator and chairman of Obama’s Economic Recovery Advisory Board ~ is the North American chairman. Speaking to that group in 1991 David Rockefeller stated:
“We are grateful to The Washington Post, The New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subject to the bright lights of publicity during those years. But, the world is now more sophisticated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto determination practiced in past centuries.” ~ David Rockefeller, 1991 [22]
A plan for the world that “marches” humanity towards a world government could only have been developed in the shadows, although constitutional scholars would hardly share Rockefeller’s gratitude to the Washington Post, New York Times, Time magazine and other great publications for half a century of media complicity with treason. A “supranational sovereignty” of self-appointed feudal lords violates the right of sovereign nations to auto determination, the right of nation states to protect their financial sovereignty from “world bankers” and the right of sovereign individuals to form governments that derive their powers from the consent of the governed. In this royal cabal’s world view, these rights do not exist. The earth is for selfish plundering and human beings are merely expendable serfs to be exploited. National currencies, government regulations, international law, civil liberties, environmental and worker protections are seen as obstacles to self-gratification that must be demolished. Their vision of utopia is a global dictatorship of world bankers and self-appointed elites.
Delusional as such subversive ambitions may sound, the World Trade Organization has already usurped illegitimate authority to supersede the regulations of sovereign nations, overriding international human rights law and the rights of regional governments to protect their populations. The North American Union, masterminded by Richard Gardner, promoted by Robert Pastor and engineered by this cabal will dissolve the borders between the US, Canada and Mexico and superimpose a legislative body that supersedes the authority of Congress with a continental NAFTA parliament of free trade pirates, unrestrained by regulations that protect the public and the earth.[23] It should come as no surprise that media directors complicit with treason have failed to alert the public to this covert destruction of national sovereignty.
The Bank for International Settlements is consolidating world financial control by herding nation states into five Regional Currency Areas that will ultimately be merged into one.[24] The European Union, with a supranational parliament and constitution that were forced on European citizens despite their veto, overrides the sovereignty of individual European nation states.
Fred Bergsten, a US Treasury official and founding member of the Trilateral Commission and subversive Peterson Institute, accurately conveyed the ramifications of abandoning national currencies:
“The adoption of a common currency is by far the boldest chapter of European integration. Money traditionally has been an integral element of national sovereignty … and the decision by Germany and France to give up their mark and franc … represents the most dramatic voluntary surrender of sovereignty in recorded history. The European Central Bank that will manage the euro is a truly supranational institution.” ~ C. Fred Bergsten, 1999 [25]
Bergsten rightly acknowledges that, “money is an integral element of national sovereignty.” Therefore, the private ownership of one global currency strips all countries of their national sovereignty in one broad stroke and what better way to shorten the process than to engineer the ‘disintegration of the world financial system’ with a global derivatives Ponzi scheme.
Bergsten’s euphoria over European loss of national sovereignty is an expression of victory, the triumph of subversion. European nation states did not voluntarily surrender their national sovereignty. They were forced to surrender, just as Americans are being stripped of their national sovereignty, piece by piece.
In 1974, international banker, Trilateralist and CFR member, Richard N. Gardner outlined a comprehensive strategy for the new world order in an influential article in Foreign Affairs entitled “The Hard Road to World Order.” He stated:
“In short, the ‘house of world order’ would have to be built from the bottom up rather than from the top down. It will look like a great confusion, but an end run around national sovereignty, eroding it piece by piece, will accomplish much more than the old-fashioned frontal assault.” [26]
Gardner’s strategy for demolishing national sovereignty lays out a sweeping program for successfully setting up world government: strengthening the International Monetary Fund with leverage to wreck the economies of entire countries, as it did to Argentina in 2001; rewriting the ground rules for international trade through GATT (forerunner of the WTO), that “will subject countries to an unprecedented degree of international surveillance over, up to now, sacrosanct ‘domestic’ policies;” creating transnational trade regimes as pretexts for world control, such as the EU, NAFTA and a Free Trade Area of the Americas that would create a massive outflux of jobs and factories from the US and lead, over time, to a complete subordination of American government to a continental corporate authority; giving the United Nations ultimate jurisdiction over the oceans, atmosphere, electromagnetic spectrum, and outer space; disarming all nations to such an extent that, eventually, “no state would have the military power to challenge the progressively strengthened UN Peace Force” – under whose authority the first Gulf War, and its 12-year aftermath of bombing raids and crippling sanctions, was carried out. From Somalia to the Balkans to Sierra Leone to Afghanistan, United Nations “peacekeepers” have become nearly ubiquitous enforcers of world order out of the barrel of a gun.
Steve Bonta’s analysis of Garder’s strategy concludes:
“If the insiders could have accomplished overtly and instantly what they are now piecing together through stealth and patient gradualism, they surely would have done so. They’ve had to proceed slowly and cautiously on their “Hard Road to World Order,” and their slowness and caution shows that they fear awakening the American people if they try to do too much too fast.”
Evidently, an “old-fashioned frontal assault” was required to complete the “end run around national sovereignty,” to demolish the laws that protect individuals from tyrants. The explosion that dislodged the US Constitution from its bedrock was delivered with a Shock and Awe attack on Americans on September 11, 2001. The plan for totalitarian world order that was not “subject to the bright lights of publicity for forty years,” was rapidly completed in the aftermath of 9/11 when the constitutional relationship between US citizens and their government was radically altered, without their consent.
The US constitutional infrastructure was detonated, piece by piece, in a demolition wave that collapsed the legal framework protecting citizens from government abuse:
Office of Legal Counsel justifications for kidnapping, torture, unlawful detention, military tribunals and secret prisons, overturning habeas corpus; militarizing domestic control in violation of Posse Comitatus; White House assumption of dictatorial powers with executive orders and presidential signing statements; Patriot Act destruction of civil liberties; domestic surveillance and personal data mining; control of media and journalism; Internet censorship; nationwide detention camps; unconstitutional pretexts for declaring martial law; domestic mercenary hit squads and intelligence gathering outsourced to private “security” companies; union-busting, ICE raids and deportation executed by the Homeland Security Gestapo.
The 9/11 frontal assault established the foreign terrorist pretext for abolishing civil liberties, crushing political dissent, implementing police state infrastructure and violating international law with wars of aggression ~ immediately followed by a strategic attack on the global financial system. The demolition wave that crashed the US economy was ignited with well placed financial explosives by top officials within the Federal Reserve, Treasury, White House, Congress and key financial institutions. The financial institutions, insurance companies and private security firms involved in this operation have extensive histories of CIA covert operations.
In a sovereign nation governed by the rule of law, these gangsters would have good reason to fear prosecution for treason and war crimes. Hence, the re-engineering of law to provide themselves with immunity. These are the architects of “regime change” – the psychopathic assertion that criminals are free to overthrow governments, murder civilians and steal the assets of sovereign nations ~ “because we can” ~ as Richard Cheney declared.
Ethical minds do not conceive covert schemes to “march” humanity toward world dictatorship, nor plot the destruction of national sovereignty to rule the world. Human beings with a functioning conscience do not orchestrate mass murder, stage terrorist attacks, bankrupt economies and overthrow governments. These crimes against humanity are manifestations of criminal insanity. Delusions of grandeur, subversion, compulsive lying, larceny, kidnapping, torture and genocide indicate clinical symptoms of psychopathy and severe antisocial character disorders.[27]
The greatest danger of any centrally-controlled system is the ease with which it can be hijacked by tyrants. That alone, is good reason to decentralize the global financial system, diversify national currencies and establish public control of money and credit within every nation state. International commitment to strengthening constitutional protection of civil liberties in every country must begin with repealing totalitarian “anti-terrorism” laws and dismantling the architecture of illegitimate “supranational sovereignty.”
Disintegration is Wisdom
Imagine for a moment that worldwide governments had retained their exclusive authority to create money and issue credit and had strictly regulated the transparent movement of capital within their own borders. Had they remained autonomous, systemic global collapse would not have been possible. Predatory loans in the US could not have collapsed Iceland’s economy or infected foreign banks with toxic Wall Street derivatives. Small, autonomous units counteract systemic risk by isolating disease and preventing it from metastasizing to the whole system. Monopolies are lethal by nature. The greater their scope, the greater the systemic risk of contagious catastrophic collapse ~ a fact we are now witnessing.
Global food distribution, controlled by a handful of multinational corporations, is projected to starve two billion people in the coming decade. The agribusiness monopoly is contaminating the earth’s water supply with pesticides, bankrupting farmers worldwide (driving them to suicide), and poisoning every continent with GMOs that are mutating the earth’s natural seeds. [28] Water privatization, forced on poor nations by the World Bank, has consolidated a monopoly on the earth’s water by a handful of multinational corporations. Millions of people have been displaced from their ancestral lands and thousands have died from water-born diseases at the hands of the global water cartel. [29] The central bank monopoly is strangling every country with debt. The global casino has destroyed productive economies worldwide. Genuine disintegration of the world financial system would be an opportunity to dis – integrate the tentacles of every corporate monopoly that is destroying human freedom and the earth’s life systems.
Localization of essential systems protects the overall web of life as nature wisely demonstrates by creating independent ecosystems. Small, self-sustaining systems would protect the productive economy from the contagion of systemic collapse. Local control of banking would ensure that money and credit are used to meet local needs. Autonomous, local banks that support small farms, community resources and local producers of goods and services would protect self-sustaining economies worldwide, finance wholesome priorities and flush the usury parasite from the global financial system.
Dismantling the architecture of illegitimate “supranational sovereignty” can be accomplished by withdrawing, nation by nation, from NATO, the WTO, IMF, World Bank, central bank syndicate, supranational parliaments, NAFTA, CAFTA, FTAA and every other exploitative “free” trade agreement; revoking the license to operate, region by region, of transnational corporations that harm humanity and the earth; reclaiming “privatized” public assets and restoring embezzled resources to the commons; freezing the assets of socially destructive corporate conglomerates and using those assets for reparations to nations and individuals that have been harmed.
The United Nations could be transformed into a genuine institution for world peace by abolishing special privileges and veto powers and giving every nation an equal vote in a unicameral chamber. There is no justification for representatives to an institution devoted to world peace to maintain a private army. Diplomacy does not require weapons. The sale and transfer of weapons across international borders should be outlawed.
International commitment to prosecuting financial crimes and removing the incentives and rewards for antisocial behavior would effectively quarantine and dismantle the global casino: Outlaw the private banking practice of fabricating credit without 100% reserves; Prosecute rating agencies that falsify investment security; Indict regulators who betray the public trust; Heavily tax every gambling transaction; Replace the Glass-Steagall firewall between commercial banks (public savings) and investment banks; Outlaw speculation that threatens public welfare; Criminalize currency speculation; Restrict commodities futures trades to physical purchases of goods; Ban derivative gambling and over-the-counter transactions that are not transparent; Outlaw short selling that collapses healthy businesses; Ban leveraging without sufficient collateral; Invigorate anti-trust laws that separate investment sectors in finance, insurance and real estate and dismantle financial monopolies.
In the absence of prosecution for financial crimes and lacking strict regulation of financial transactions that affect public welfare, government treasuries and the productive economy will continue to be plundered by organized crime. Superficial remedies will not eradicate the root of the problem. The private creation and misuse of money and credit as a weapon of extraction is the source of systemic disease. What should be “nationalized” – regulated and controlled by the public – is not bankrupt institutions but the monetary system itself.
Securing the Blessings of Liberty: The Natural World Order
Two hundred and fifty years have passed since Benjamin Franklin described the public monetary system that brought prosperity to the American colonies. Two and a half centuries of economic plunder, panics, bank runs, recessions and depressions have erased from the public memory the simple and obvious formula for economic stability and prosperity. What has brought the productive economy to a halt, once again, is not the absence of workers, goods and services but the absence of money and credit. This absurd predicament is equivalent to carpenters being unable to work because they are out of inches.
The proper function of money and credit is to serve the productive economy. Legal tender is not a commodity. It is a measure of value. People can exchange whatever they like as a measure of value. We agree as a group to legalize one medium of exchange to simplify transactions. The purpose of a medium of exchange is to sustain the flow of goods and services circulating in an economy. If we agreed to use metals or feathers the medium of exchange would be finite and too scarce to meet everyone’s needs. Paper is plentiful. In theory, we agree to the fiction that paper money and accounting credits have value in order to produce and exchange the commodities we need. But they have no intrinsic value. It is the services and products we exchange that have value, not the medium of exchange.
The pieces of paper and computer entries that we call money and credit should be regarded as public utilities that keep the economy flowing, “to make the products pass easily from the producers to the consumers.” This, in fact, was the intention of Article 1, Section 8 of the United States Constitution that authorized Congress to coin money and regulate its value. It is irrational and counterproductive to allow private bankers to constrict the nation’s money and credit, so that century after century, private individuals can plunder the productive economy to extract unearned wealth.
A government does not need to borrow its money from a private corporation. It has the power to create its own money. We are that government and that power belongs to us.
It is no more difficult for a government to invent money and credit than it is for a private corporation. Any government has the capacity to create money without creating debt. It can directly spend interest-free money into circulation and extinguish excess currency to prevent inflation. It can create revenue to finance the operations of city, state and federal government in lieu of taxes; it can lend money for worthwhile social projects without charging interest or it can charge interest to private enterprise to stimulate investment. It can establish government agencies to issue 1% fixed rate interest on thirty year mortgages and recycle that revenue into new mortgages. It can create a national pension for all citizens, finance national health care, provide free education and build infrastructure simply by creating its own social currency. There is no limit to the pro-social enterprises that could be funded by a public monetary system. Money and credit are merely human concepts that can be used to either exploit or enhance society.
The American Monetary Act conceived by Stephen Zarlenga and supported by Congressman Dennis Kucinich would nationalize the Federal Reserve by placing it within the US Treasury, abolish fractional reserve banking and authorize the federal government to spend interest-free currency into circulation, modeled on Abraham Lincoln’s “greenbacks.” Passage of this legislation depends entirely on public demand for monetary reform. In order for this reform to be effective it is essential that the US Treasury be permanently divested of its affiliations with organized crime. Those with vested interests in the misuse of public money will not voluntarily relinquish their hold on the Treasury. Wall Street lobbyists will bribe legislators and launch propaganda campaigns to subvert public efforts through front groups and corporate-controlled media ~ just as they are now doing to preserve their health insurance racket. It is our task to educate the public and mobilize unified demand for a public monetary system administered by trustworthy individuals. Quite possibly, the federal government is beyond redemption and an alternative public monetary authority must be established by the states.
In the meantime, states need not wait for federal rehabilitation to resolve their fiscal crises. North Dakota, one of only two states not experiencing a budget shortfall, has operated its own state bank since 1919. It currently has the largest budget surplus in its history and the lowest unemployment rate in the country. All state assets and revenues are deposited in the state bank, giving it tremendous collateral against which to make loans. The public’s money is used to invigorate local farming, commerce and education, with all interest on loans returned to the public via the state bank. The Bank of North Dakota is essentially a central bank ~ with one critical distinction. It is owned by the citizens of North Dakota.
The Minnesota Transportation Act, developed by Byron Dale, will fund infrastructure with Transportation Certificates issued by state chartered banks, in lieu of bonds or increased taxes. This is a robust, wealth based concept, with newly created money from State Chartered Banks flowing into the economy. New money flows from the Bank, to the State of Minnesota, to the contractor to the workers – they continue the movement of the new money into wider circulation, debt free, interest free, inflation free and tax free.
The Alaska Permanent Fund paid every resident of Alaska a dividend of $3,269 in 2008 out of state resource revenues. The APF was set up in 1976 when Alaska voters passed a constitutional amendment calling for a direct payment to individuals rather than turning the money over to the state bureaucracy for “social services.” Spent into circulation, the money becomes part of the lifeblood of the community without having to be repaid and with no interest being charged. Deposited into banks, the money capitalizes consumer borrowing and economic growth. This, and other examples of Dividend Economics is described by Richard C. Cook who proposes a Basic Income Guarantee for all citizens, at no cost to taxpayers. [30]
Localizing public control of money and credit through state and community banks would protect the productive economy from Wall Street and ensure that credit is always available to fund pro-social priorities. Publicly-owned banks could be created to support local infrastructure, small farms and local producers of goods and services, building a network of autonomous, self-sustaining communities nationwide.
Public control of money and credit through state–owned banks would effectively reshape our national priorities. We could underwrite health care, revitalize our schools, end our dependency on fossil fuels and create a clean energy economy, develop renewable energy resources, retrofit our buildings for energy efficiency, rebuild our infrastructure, retool our auto industry for electric cars and plug-in hybrids, create efficient public transportation, revive our manufacturing base, create millions of green jobs, decontaminate our waterways and soils, and empower family farmers and organic growers to nourish our local communities. We could provide education, scholarships and training for the next generation of students, scientists and entrepreneurs whose energy and talents are urgently needed to heal our planet.
Establishing public monetary systems within every country would end world poverty and liberate human energy to create worldwide abundance in which every human community could produce and exchange the goods and services it needs without ever being enslaved by fictitious debt. Encouraging universal self-sufficiency and fair trade would provide diversity through exchange of products between nations and enhance the well-being of all cultures ~ restoring the natural world order.
There is no mystery about how to achieve a stable monetary system. Monetary science comes equipped with mathematical formulas to achieve permanent monetary equilibrium through a set of principles that balance the money supply and maintain currency stability, eliminating recessions, depressions, inflation and deflation forever. The mechanics of maintaining monetary equilibrium have been understood for thousands of years.
All that is required is social consensus.
What is most essential to liberating humankind from centuries of oppression is financial sovereignty. Political freedom without economic freedom is meaningless. The implosion of a corrupt financial system provides our generation with a precious (and brief) opportunity to secure the blessings of liberty for all of humanity and to finish the American Revolution.
______________________________________________________________________
Read: The American Monetary Act
Radio interview with Stephen Zarlenga
Urgency of the American Monetary Act, by Richard C. Cook
Listen to Byron Dale explain how a gold standard benefits bankers
Endnotes
[1] Jerry Fresia, “Toward an American Revolution: Exposing the Constitution and Other Illusions”
[2] Alexander Del Mar, “The History of Money in America From the Earliest Times to the Establishment of the Constitution,” p.109
[3] World Research Library, “Global Banking: The Bank for International Settlements”, August Review.
diplomatic immunity for persons and what they carry with them
no taxation on any transactions, including salaries paid to employees
embassy-type immunity for all BIS buildings and/or offices
no oversight or knowledge of operations by any government authority
freedom from immigration restrictions
freedom to encrypt any and all communications of any sort
freedom from any legal jurisdiction
immunity from arrest or imprisonment
inviolability of all papers and documents
BIS Articles:
World Research Library, “Global Banking: The Bank for International Settlements;
Joan Veon, Afghan Voice, “Controlling the World’s Monetary System: The Bank for International Settlements;”
Alfred Mendez, “The Network”
[4] BBC Time Watch documentary, “Banking With Hitler” (YouTube)
[5] Geraldine Perry, “The World According to Derivatives Parts 1-7,” (http://thetwofacesofmoney.com)
[6] Nomi Prins, “Credit Where Credit is Due: A Timeline of the Mortgage Crisis”
[7] Michael Hudson, “Super Imperialism: The Origin and Fundamentals of US World Dominance”
[8] Michael Chossudovsky, “Who are the Architects of Economic Collapse?”
Matt Taibbi, “How Goldman Sachs Pumped and Dumped the US Economy,”
[9] Jeff Gates, “All Too Familiar”
[10] Paul Volcker manages the Rockefeller trust fund for the family. His policies as Chairman of the Federal Reserve contributed to the significant recession in the US economy in the early 1980s, which included the highest unemployment levels since the Great Depression. Volcker’s Fed elicited the strongest political attacks and most wide-spread protests in the history of the Federal Reserve (unlike any protests experienced since 1922), due to the effects of the high interest rates on the construction and farming sectors, culminating in indebted farmers driving their tractors onto C Street and blockading the Eccles Building. After leaving the Federal Reserve in 1987, he became chairman of the prominent New York investment banking firm, J. Rothschild, Wolfensohn & Co, a corporate advisory and investment firm in New York, run by James D.Wolfensohn, who later became president of the World Bank. [Since 2006, Wolfensohn has also been the chairman of the International Advisory Board of Citigroup.] As of October 2006, Volcker is the current Chairman of the Board of Trustees of the Group of Thirty. He was a founding member of the Trilateral Commission and has had a long association with the Rockefeller family, rotating, since 1952, between the Chase Manhattan Bank, the US Treasury and the Federal Reserve Bank. He played an important role in the decision to suspend gold convertibility in 1971, which resulted in the collapse of the Bretton Woods gold standard. (http://en.wikipedia.org/wiki/Paul_Volker)
[11] Tim Geithner is a Board Director at the Center for Global Development, a member of the Group of Thirty and Council on Foreign Relations, a trustee at the Economic Club of New York and chairman of the Committee on payment and settlement systems at the Bank for International Settlements. As Treasury Secretary, Geithner has the authority to spend the TARP “bailout” funds without Congressional approval. He proposes to create one or more “bad banks” to buy and hold toxic assets, using a mix of taxpayer and private money. He also proposes to expand a lending program that would spend as much as $1 trillion to cover the decline in the issuance of securities backed by consumer loans and to give banks new infusions of capital with which to lend. Geithner arranged the bailouts of Bear Stearns and AIG and played a pivotal role in the decision not to save Lehman Brothers from bankruptcy. Tim Geithner’s father, Peter Geithner, oversaw the Ford Foundation’s microfinance programs in Indonesia being developed by Ann Dunham-Soetoro, Barack Obama’s mother. (http://en.wikipedia.org/wiki/Timothy_Geithner)
[12] Linda Minor, “Follow the Yellow Brick Road: From Harvard to Enron”
[13] Antony Sutton, “Wall Street and the Bolshevik Revolution”
[14] Charles Higham, “Trading With the Enemy: An Expose of the Nazi-American Money Plot, 1933-1949”
[15] Antony Sutton, “Wall Street and the Rise of Hitler”
Jerry Fresia, “Toward an American Revolution: Exposing the Constitution and Other Illusions” (Chap. 5)
[16] Operation Gladio: http://en.wikipedia.org/wiki/Operation_Gladio
[17] Michael Hudson, “Super Imperialism: The Origin and Fundamentals of US World Dominance”
[18] Smedley Butler, “War is a Racket;” Biography: http://en.wikipedia.org/wiki/Smedley_Butler
[19] Russ Winter, “The US: The World’s Biggest Blue Light Special”
[20] Reuters (owned by Rothschild since 1800s), Soros Sees No Bottom for World Financial Collapse, February 21, 2009.
[21] Carroll Quigley, “Tragedy and Hope: A History of the World in Our Time,” MacMillan, 1966, p. 324. Read Tragedy and Hope online
[22] David Rockefeller, founder of the Trilateral Commission, in an address before that organization in June of 1991.
[23] Patrick Wood, “Toward a North American Union” /Trilateral Commission
[24] BIS Paper No 17, “Regional Currency Areas and the Use of Foreign Currencies”
[25] C. Fred Bergsten, (Trilateral Commission; Peterson Institute), “The Euro Could Be Good for Trans-Atlantic Relations,” Washington Post, January 3, 1999
[26] Richard Gardner, “The Hard Road to World Order,” (Foreign Affairs, 1974) p. 558
[27] Psychopathology: In contrast to Hollywood’s inaccurate portrayal of psychopaths as blue collar misfits who stalk young women and rob convenience stores, most psychopaths come from well-to-do families and are white collar criminals who, because of their wealth and position, seldom face consequences. Psychopaths are devoid of conscience, incapable of compassion, accountability or remorse, lie routinely, manipulate and deceive, operate in secrecy, control and suppress information. They view themselves with grandiose self-importance and are flagrantly contemptuous of the law. Their craving for dominance over others propels them into the centers of power where they are overrepresented in the top ranks of corporations, politics, law enforcement agencies, law firms and the media. (Financial institutions are corporations.)
Psychopaths recognize each other in a crowd, even in early childhood, and form criminal unions. They hijack social institutions by driving normal people out. What makes them politically dangerous is their success at insinuating themselves in critical positions of authority that affect the whole society. Infiltrating the architecture of government, psychopaths re-engineer the legal system to facilitate criminal behavior and ensure immunity from prosecution – using court decisions, deregulation, legislation, legal arguments, presidential signing statements and executive orders.
Andrew Lobaczewski, Political Ponerology: A Science on the Nature of Evil adjusted for Political Purposes,” estimated the percentage of psychopaths and characteropaths in a typical culture. One percent are (hereditary) essential psychopaths that are born without a conscience. Five percent have acquired character disorders from brain injury or environmental factors. Twelve percent were born normal, but are either warped by long-term exposure to psychopathic material through familial or social influences, or engage in antisocial behavior for personal rewards. Thus, 18% of the general population exhibits psychopathy and severe character disorders. The remaining 82% are normal people who have a functioning conscience but who are vulnerable to deception in varying degrees, falling somewhere on a continuum between “following the herd” and independent critical thinking. When 100% of essential psychopaths in a society have openly assumed leadership positions, the country is described by Lobaczewski as a pathocracy. Once established, the psychopathic system corrodes the entire social organism, wasting its skills, resources and power. Lobaczewski contends that this para-specific human group is responsible for genocide and social chaos and has “ponerized” social institutions in every civilization. Psychopaths can be identified with brain scans and psychological testing but cannot be treated or cured. It is worth noting that Zbigniew Brzezinski blocked the publication of this work.
The prevalence of psychopathy within syndicate families has undoubtedly been exponentially compounded by centuries of dynasty intermarriage and cross-breeding. It is a cruel irony that the racial “purification” eugenics crusades (genocide) of John D. Rockefeller and Henry Ford, so passionately adopted by Adolph Hitler, eliminated millions of people with a functioning conscience from the human gene pool.
Kevin Barrett, “Twilight of the Psychopaths”
Robert Hare and Paul Babiak, “Snakes in Suits: When Psychopaths Go to Work;”
Excellent interview with Laura Knight-Jadczyk and Henry See comparing the scientific work of different psychopathologists: Andrew Lobaczewski, Robert Hare, Paul Babiak, Harvey Cleckley and Martha Stout.
Dr.Robert Hare, “This Charming Psychopath: How to spot social predators before they attack”
[28] F. William Engdahl, “Doomsday Seed Vault in the Arctic: Bill Gates, Rockefeller and the GMO giants know something we don’t” and “Seeds of Destruction”
[29] See the documentary film, “FLOW” – http://www.flowthefilm.com/trailer
[30] “Bailout for the People: The Cook Plan” is an inspirational and mathematically sound monetary formula that would provide a Basic Income Guarantee to all citizens at no cost to taxpayers.
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